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...make EVs an easier sell to those who might be put off by a high initial cost, Richter says, car companies are getting creative about pricing - for example, by allowing buyers to lease expensive battery packs to spread the cost over the lifetime of the car. The electricity required to run an electric car costs about a penny a mile, he says, compared with 10 cents a mile for a gas-powered vehicle. "Think of a battery as part of the fuel of the car," says Richter. "When you buy a new car you don't buy 10,000 gallons...

Author: /time Magazine | Title: In Japan, Testing the Market for All-Electric Cars | 6/9/2009 | See Source »

...look like? What will my hair look like? But some of the most crucial unknowns have to do with corporate profits. Profits are, after all, what stock prices are supposed to be based on. Stocks have skyrocketed since early March, providing the earliest and strongest signal that the recession might ebb soon. One could even argue that rising stock prices brought optimism that has since begun to show up in real economic data, although if you think too hard about such feedback loops it will just make your head hurt. (See 10 things to buy during the recession...

Author: /time Magazine | Title: Economic Recovery: Will Corporate Profits Recoup? | 6/9/2009 | See Source »

...many in South Korea have become more wary of engaging the North, and more dubious of the results it might produce. "For the past 10 years, we've been giving them things and now that they're not getting it, they're acting up," says Youn Bong Sug, 57. "If we give, they should know how to be grateful. The nature of those people is rotten." Some in Seoul have become annoyed that Pyongyang continued to spend money on its weapons programs even as South Korea donated large amounts of fertilizer and food to its much poorer Northern brethren. "What...

Author: /time Magazine | Title: Why South Koreans Are Fed Up With Their Neighbor to the North | 6/8/2009 | See Source »

...prominence of fringe parties could be far-reaching. While Britain's first-past-the-post voting system at general elections mitigates against small parties, the euroskeptic Conservatives, for instance, will be left pondering how many of its supporters could in the future migrate to UKIP - and how it might keep them from doing so. The triumph of the BNP (along with seats for far-right parties from the Netherlands and Austria) will add to concerns that the economic downturn is fueling a move to fascist parties in some corners of Europe...

Author: /time Magazine | Title: European Elections: A Blow to Brown, Boost for Merkel | 6/8/2009 | See Source »

...Among Italy's more mainstream opposition parties, the results confirm deep division. There's now a risk that Italy's left might splinter further, mostly because nobody can agree on how best to take on Berlusconi, a man who has dominated politics for 15 years with the most personalized of approaches to governing. Questions remain about the use of the presidential aircraft to bring entertainers to Berlusconi's villa on Sardinia, and reports are circulating of additional racy shots in a series of photos recently published by the Spanish daily El País that showed naked and half-naked...

Author: /time Magazine | Title: European Elections: A Blow to Brown, Boost for Merkel | 6/8/2009 | See Source »

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